Are you interested in property development? While many properties make good homes, fewer are “investment grade” properties and even fewer are potentially profitable development sites. In a recent blog, I outlined why I choose the suburbs where I undertake developments very carefully. Now it’s time to find the “right” property in that suburb – one that could…
In this instalment of the Property Development Series, I’ll walk us through the role of the engineers and which ones you’ll need for your next project. Astute property investors and developers know that in order to be successful they can’t do it all on their own. They surround themselves with qualified and experienced professionals who…
Buy, renovate and hold is one of my favourite property investment strategies. I enjoy taking a dwelling that’s been a bit neglected and breathing new life into it, making it into a home my tenants will love and want to care for more importantly, it’s a great way of manufacturing equity for my property investment…
In this article, I’ll explain the role of the Architect and how to work with them on your development project. Astute investors and property developers know that in order to be successful they can’t do it all on their own. They surround themselves with qualified and experienced professionals who can provide invaluable support and assistance…
In this article, I’ll explain the role of a town planning consultant and what you need to be asking yourself. Town planning consultants are professionals with qualifications in town planning or urban planning. Those in private practice have usually been employed by local councils or planning organisations for a number of years, meaning they know…
In the following article, I’ll explain how you might tackle the hurdles and requirements to get your development underway. One of the biggest hurdles faced by any property developer – whether a seasoned veteran or a green beginner – is the bureaucratic maze known as the planning permit or development approval process. Oftentimes, those dipping…
In this article, I talk us through the feasibility of a development project and whether or not to pursue it. Undertaking a property development requires many months of preparation before you actually get to see your hard labour bear any fruit. As we’ve already covered in previous articles in this series, there’s the groundwork of obtaining finance, sourcing…
In this article, I talk us through the risks involved in property development so you know how to manage them. Many investors approach property development with rose-coloured glasses, but in order to minimise your risks and maximise your chances of turning a good profit (remember you want at least 15 per cent on the development…
In this series article, I talk us through managing the risks associated with property development to increase the chances of success. I’ve found that once many property investors who’ve collected a few properties in their portfolio become keen to “dabble” in property development. They see this as the next phase in their career and determine…
Australians who have ever thought of renovating an old property and on-selling it to make a quick profit might soon face a whopping 47% tax. The idea, also known as ‘flipping’ has been made popular by TV reality shows like The Block is a popular but risky strategy with the goal of making improvements to…
